2025 Oxygen Scavenger Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Oxygen Scavenger Industry Market Size Be by 2025?
Recent years have witnessed sizeable growth in the oxygen scavenger market. It is projected to expand from $2.6 billion in 2024 to $2.76 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors such as food conservation, the pharmaceutical sector, the beverage business, the chemical industry, and environmental rules account for the growth observed in the historic phase.

What's the Long-Term Growth Forecast for the Oxygen Scavenger Market Size Through 2029?
In the coming years, the oxygen scavenger market is projected to experience significant expansion, with its value predicted to hit $3.85 billion in 2029, boasting a compound annual growth rate (CAGR) of 8.7%. Factors such as aerospace and defense, e-commerce, or oil and gas exploration, as well as industrial automation, the electronics industry, and medical devices and diagnostics are contributing to this predicted growth during the forecast period. Furthermore, the rise of sustainable and green packaging, advancements in packaging materials, water treatment, industrial automation, and corrosion prevention are some of the key trends expected to dominate the forecast period.

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What Are the Key Growth Drivers Fueling the Oxygen Scavenger Market Expansion?
The oxygen scavengers market is set to expand, propelled by an upsurge in demand from the food and beverage sector. The food industry, which includes the production, processing, preparation, conversion, preservation, and packaging of foodstuff, utilizes oxygen scavengers to limit or eradicate dissolved oxygen, hence prolonging shelf life and preserving food's original quality. In a case in point, Statistics Sweden, a national governmental agency, published a report in September 2022, stating that revenue from food and beverage sales hit $29.85 billion (SEK 334 billion), indicating a 2.9 percent surge. This upswing was credited to a 2.5 percent boost in sales volume and a marginal 0.4 percent rise in food and beverage prices. Consequently, the escalating demand from the food and beverage industry is the growth engine of the oxygen scavenger market.

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What Are the Key Trends Driving Oxygen Scavenger Market Growth?
Leading firms in the oxygen scavenger market are introducing novel products like eco-friendly packaging solutions in order to reach a broader customer pool and boost their sales and revenue. This type of packaging, also known as green or sustainable, is designed to minimize adverse environmental impacts throughout its lifecycle. For example, in July 2023, Mitsubishi Gas Chemical, a chemical company based in Japan, unveiled AGELESS, an oxygen absorber free of PFAS. By eradicating a harmful grease-proofing agent from its oxygen absorbers, MGC has initiated a revolutionary universal packaging solution. The result of this innovation is the creation of AGELESS oxygen absorbers which are completely devoid of PFAS, a breakthrough for the industry. Crucially, this PFAS-free solution does not sacrifice quality, performance or safety. These AGELESS oxygen absorbers, which are PFAS-free, maintain their oil-resistance while effectively eliminating oxygen from the inside of sealed packages, allowing them to retain the taste, color, smell, and nutritional content of fresh food and substantially extending the shelf life of the packaged products.

How Is the Oxygen Scavenger Market Segmented?
The oxygen scavenger market covered in this report is segmented -

1) By Type: Metallic, Non-Metallic
2) By Composition: Organic, Inorganic
3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper

Subsegments:
1) By Metallic: Iron-Based Scavengers, Cobalt-Based Scavengers, Sodium-Based Scavengers
2) By Non-Metallic: Organic Scavengers, Ascorbate-Based Scavengers, Natural Polymer-Based Scavengers, Other Non-Metallic Scavengers

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Which Companies Are Leading the Charge in Oxygen Scavenger Market Innovation?
Major companies operating in the oxygen scavenger market include Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant AG, Ecolab Inc., Accepta Ltd., Arkema Group, Eastman Chemical Company, Henkel AG & Co. KGaA, Aditya Birla Chemicals, Esseco Ltd., Kuraray Co. Ltd., DOW Chemical Company, Conventya Inc., Chemco Industries Inc., Kemira Oyj, Hydrite Chemical Co., Kurita Water Industries Ltd., Baker Hughes, Innospec Inc., GE Water & Process Technologies, Veolia Water Technologies, Nalco Water, ChemTreat Inc., Italmatch Chemicals S.p.A., BWA Water Additives US LLC, Carus Corporation, SNF Group, Buckman Laboratories International Inc., Solvay SA, Lubrizol Corporation, Huntsman Corporation, AkzoNobel N.V., Evonik Industries AG, Calgon Carbon Corporation, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Weifang Yaxing Chemical Co.Ltd., Chemworld Overseas Private Limited

Which Regions Are Leading the Global Oxygen Scavenger Market in Revenue?
North America was the largest region in the oxygen scavenger market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxygen scavenger market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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